India's Manufacturing Slows A Tad, But Remains In Expansion Mode: Survey The survey encompasses responses collected by sending questionnaire to the purchasing managers in a panel of around 400 manufacturers

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

According to a recent survey report, India's activity in the manufacturing sector slowed in September, but remained strongly in the expansion mode for the 15th consecutive month, elevating the business optimism with rise in production where there showed a decline in the input cost inflation.

The S&P global India manufacturing purchasing index slips to 55.1 in September from 56.2 in August. The point above 50 on the index reflects expansion while below that indicates contraction in activity. The survey encompasses responses collected by sending questionnaire to the purchasing managers in a panel of around 400 manufacturers.

"The latest set of PMI data show us that the Indian manufacturing industry remains in good shape, despite considerable global headwinds and recession fears elsewhere," said Pollyanna De Lima, global market intelligence economics associate director, S&P, in a statement.

"New orders and production have substantially increased in September, with some leading indicators suggesting that output is set to likely expand more at least in the short-term," added Lima.

According to the survey, the overall level of positive sentiment seen in September was the best in over seven and a half years. It also stated that the anecdotal evidence pointed to greater demand from domestic and global clients and ongoing increases in new work and efforts to lift production boosted job creation in September, which rose at the quickest pace in three months.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Side Hustle

'I Was Called Crazy': This 27-Year-Old's Side Hustle Hit $30,000 a Month in Under a Year — Now It's Worth Millions

Changing regulations forced Angel Rodriguez's jet ski rental company to shut down, and the young entrepreneur had to figure out his next move — fast.

Technology

Has Artificial Intelligence Arrived At The Sales Function Yet?

There is a saying in the world of AI - Don't model the world; Model the mind

Career

Automate Your Job Search and Get More Interviews for Only $40

Perform 50 filtered job searches a month and apply for 300 of them with a custom email.

Starting a Business

Market Research: What It Is and How to Conduct It

To boost your competitive advantage, you may want to do market research. Entrepreneur is here with a guide on market research and how to conduct it.

News and Trends

Microsoft Announces Hackathon For Future Ready Apps

The hackathon will involve a real-life business problem, which the participants have to solve using services on the Azure platform, used by Microsoft's clients in their cloud and digital transformation solutions

Marketing

How to Nail Your Product Messaging with This 8-Step Framework

Effective product messaging is clear, relevant and focused on solving customer problems, not just listing features.